Penn National (Germany) Market Value
| PN1 Stock | EUR 20.17 0.09 0.45% |
| Symbol | Penn |
Penn National 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Penn National's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Penn National.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in Penn National on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding Penn National Gaming or generate 0.0% return on investment in Penn National over 30 days. Penn National is related to or competes with Superior Plus, NMI Holdings, Origin Agritech, SIVERS SEMICONDUCTORS, NorAm Drilling, Identiv, and Norsk Hydro. Penn National Gaming, Inc. owns and manages gaming and racing facilities, and operates video gaming terminals with a foc... More
Penn National Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Penn National's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Penn National Gaming upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.3 | |||
| Information Ratio | 0.0609 | |||
| Maximum Drawdown | 13.23 | |||
| Value At Risk | (3.71) | |||
| Potential Upside | 4.62 |
Penn National Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Penn National's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Penn National's standard deviation. In reality, there are many statistical measures that can use Penn National historical prices to predict the future Penn National's volatility.| Risk Adjusted Performance | 0.0902 | |||
| Jensen Alpha | 0.2887 | |||
| Total Risk Alpha | (0.12) | |||
| Sortino Ratio | 0.0698 | |||
| Treynor Ratio | (2.50) |
Penn National Gaming Backtested Returns
Penn National appears to be not too volatile, given 3 months investment horizon. Penn National Gaming maintains Sharpe Ratio (i.e., Efficiency) of 0.13, which implies the firm had a 0.13% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Penn National Gaming, which you can use to evaluate the volatility of the company. Please evaluate Penn National's Semi Deviation of 2.08, coefficient of variation of 922.06, and Risk Adjusted Performance of 0.0902 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Penn National holds a performance score of 10. The company holds a Beta of -0.11, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Penn National are expected to decrease at a much lower rate. During the bear market, Penn National is likely to outperform the market. Please check Penn National's sortino ratio, maximum drawdown, and the relationship between the total risk alpha and treynor ratio , to make a quick decision on whether Penn National's historical price patterns will revert.
Auto-correlation | 0.86 |
Very good predictability
Penn National Gaming has very good predictability. Overlapping area represents the amount of predictability between Penn National time series from 30th of October 2024 to 14th of November 2024 and 14th of November 2024 to 29th of November 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Penn National Gaming price movement. The serial correlation of 0.86 indicates that approximately 86.0% of current Penn National price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.86 | |
| Spearman Rank Test | 0.22 | |
| Residual Average | 0.0 | |
| Price Variance | 0.23 |
Penn National Gaming lagged returns against current returns
Autocorrelation, which is Penn National stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Penn National's stock expected returns. We can calculate the autocorrelation of Penn National returns to help us make a trade decision. For example, suppose you find that Penn National has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Penn National regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Penn National stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Penn National stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Penn National stock over time.
Current vs Lagged Prices |
| Timeline |
Penn National Lagged Returns
When evaluating Penn National's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Penn National stock have on its future price. Penn National autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Penn National autocorrelation shows the relationship between Penn National stock current value and its past values and can show if there is a momentum factor associated with investing in Penn National Gaming.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Additional Information and Resources on Investing in Penn Stock
When determining whether Penn National Gaming offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Penn National's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Penn National Gaming Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Penn National Gaming Stock:Check out Penn National Correlation, Penn National Volatility and Penn National Alpha and Beta module to complement your research on Penn National. You can also try the Top Crypto Exchanges module to search and analyze digital assets across top global cryptocurrency exchanges.
Penn National technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.